As the low-temperature lighting shipment schedule gradually moved toward the off-season in October, Huaxing's single-month revenue began to fall from the peak in May. After the June consolidated revenue decreased by 18.59%, the company's consolidated revenue in July was new. The Taiwan dollar was 133 million yuan, a decrease of 7.24% from June and an annual decline of 1.46%. Huaxing pointed out that in addition to the weakening effect of the low-temperature lighting shipments during the peak season, due to the poor global economy, other customers' orders were turned conservative, which caused the July revenue to decline again.
Huaxing pointed out that the company's products are divided into two major categories: traditional package components and LED Assembly. Traditional package components include LAMP, SMD, and Display, while LED Assembly includes low-temperature lighting, indoor lighting, and backlights. Among them, low-temperature lighting accounted for the largest proportion of revenue, as of the end of July, revenue accounted for about 40 to 45%, so when the low-temperature lighting shipment peak season effect faded, the company's revenue changes will be very obvious.
Huaxing said that due to the continued poor global economy, the attitude of customers placing orders has turned conservative. Although the company has actively developed the Southeast Asian lighting market in recent years, the development speed is still not keeping up with the recent recession. Therefore, the overall order status of the company has shown a downward trend, plus Long-term orders for low-temperature lighting (delivery for about 2~3 months) have been shipped, and the company's order visibility is about 1 month, and the capacity utilization rate is about 80%.
Huaxing pointed out that the company's products are divided into two major categories: traditional package components and LED Assembly. Traditional package components include LAMP, SMD, and Display, while LED Assembly includes low-temperature lighting, indoor lighting, and backlights. Among them, low-temperature lighting accounted for the largest proportion of revenue, as of the end of July, revenue accounted for about 40 to 45%, so when the low-temperature lighting shipment peak season effect faded, the company's revenue changes will be very obvious.
Huaxing said that due to the continued poor global economy, the attitude of customers placing orders has turned conservative. Although the company has actively developed the Southeast Asian lighting market in recent years, the development speed is still not keeping up with the recent recession. Therefore, the overall order status of the company has shown a downward trend, plus Long-term orders for low-temperature lighting (delivery for about 2~3 months) have been shipped, and the company's order visibility is about 1 month, and the capacity utilization rate is about 80%.
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